Corporate law solicitors – Three key points

Corporate Law Solicitors in Singapore : This article will help you along your way to learn how to evaluate which corporate lawyer/ corporate law firm to assist your business as your business expands and carries out increased business operations in Singapore. 

In this article, we will cover three key consideration which any business owner should note when appointing a Singapore corporate lawyer and law firm.

#1: Specialisation in area of legal practice

There are some corporate lawyers in Singapore that do generic work for small and medium enterprises but there are also those that do work for certain specialised industries, for example there are those that specialise in startup work in Singapore and others that do initial public offering work for companies looking to list on the Singapore Stock Exchange.

Knowing what key area of legal practice that your corporate lawyer is involved in will make your interactions with your corporate lawyer more effective time wise.  Always find a law firm that is able to understand your business and one that your budget can afford.

#2: Number of years in practice

Some business owners look for younger corporate solicitors as they think that buy hiring them, their rates may be cheaper.  The longer a corporate partner has been in practice, the more experience in transaction work of a similar nature that he will have.  This may translate into a better commercial outcome for the business owner that hires him as the corporate law solicitor in Singapore will be better able to point out potential pitfalls and protect the business owner’s interest better.

For larger deals and more complex deals, it is always better to hire a corporate law solicitor in Singapore that has more experience to mitigate legal risk which arises from increased complexity and counterparty risk in your transaction.

#3: Track Record

Before commencing work with new corporate law solicitors in Singapore, it would be prudent to ask for a recent transaction file list so that you can gauge whether the Singapore law firm/ Singapore corporate lawyer is the correct fit for your particular transaction and needs.

This track record list can also help you figure out the specialisation of the law firm/corporate lawyer that you intend to hire.

In conclusion, hiring a corporate law solicitor in Singapore is a long term engagement and we hope that the three tips above will help you in your business requirements.

https://www.SingaporeLegalPractice.com is a corporate law and commercial law educational website headquartered in Singapore which aims to demystify business law and 新加坡商业法 for SME Company Owners, Startup Founders and 新加坡新移民老板。The information provided on this website does not constitute legal advice.  Please obtain specific legal advice from a lawyer before taking any legal action.  Although we try our best to ensure the accuracy of the information on this website, you rely on it at your own risk.  Click here to signup for our newsletter today to be kept updated on the latest legal developments in Singapore.

Click here to speak to a specialist Corporate Law Practitioner today to advise you on your corporate transaction today.  The corporate law team has acted for a diversified client base including transactions involving several hundred startups across the startup eco-system in Singapore and for private equity fund deals and is well placed to help you in your corporate transactions.